Man Faces Up to 25 Years in Prison for 2012 Robbery of Frederika Bank
By Trish Mehaffey, Reporter
CEDAR RAPIDS, Iowa - A Waterloo man who pistol whipped a bank customer while robbing the Farmer's Savings Bank in Frederika, last year pleaded guilty Monday in federal court and faces up to 25 years in prison.
Steven Vandewalker, 38, pleaded guilty to one count of bank robbery and using a dangerous weapon to assault another person during the course of the robbery. In the plea agreement, Vandewalker admitted to carrying a handgun when he entered the Farmer's Savings Bank Oct. 23, 2012. He was wearing a baseball cap and a mask covering the bottom of his face. After entering the bank, Vandewalker went into an office where a bank employee and a customer were talking and yelled at the two to get on the floor.
Vandewalker then hit the customer in the face with the handgun, causing the customer to fall on the floor, according to court documents. Vandewalker then went behind the counter and made a teller give him cash from the drawers and the bank safe. He then left the bank with more than $36,000.
A few days later on Oct. 26, officers searched Vandewalker's home in Waterloo and recovered $26,000 in cash and a handgun, according to court documents.
Vandewalker remains in custody pending sentencing, which hasn't been set at this time. He faces up to 25 years in federal prison and a $250,000 fine.